Emas Offshore Limited announced earnings results for the fourth quarter and full year ended 31 August 2016. Net loss for the three months ended 31 August 2016 (fourth quarter Fiscal Year 2016) stood at USD 98.5 million. Revenue was USD 52,242,000 against USD 54,308,000 for the same period prior year. Gross loss was USD 20,924,000 against loss of USD 1,350,000 for the same period prior year. Loss from operations was USD 89,214,000 against profit from operations of USD 37,269,000 for the same period prior year. Loss before tax was USD 95,510,000 against profit before tax of USD 40,666,000 for the same period prior year. Loss after tax was USD 98,485,000 against profit before tax of USD 36,295,000 for the same period prior year. Loss per share was USD 0.22 against profit per share of USD 0.08 for the same period prior year. Net cash flow generated from operating activities was USD 21,137,000 against net cash used in operating activities of USD 3,668,000 for the same period prior year. Purchase of property, plant and equipment was USD 16,352,000 against USD 20,654,000 for the same period prior year. The company reported a net loss of USD 265.3 million for the full year ended 31 August 2016 (FY 2016). For the full year period under review, the Group recorded revenue of USD 167.6 million, as compared to revenue of USD 247.2 million in the year-ago period (FY 2015). This decline in revenue was the result of continual weakness in the offshore industry leading to markedly lower demand as well as general over-supply in the offshore support vessels (OSV) segment. Gross loss for the year stood at USD 49.8 million as compared to gross profit of USD 29.4 million in the previous corresponding period. Loss from operations was USD 254,119,000 against profit from operations of USD 194,719,000 for the same period prior year. Loss per share was USD 0.61 against profit per share of USD 0.47 for the same period prior year. Net cash flow generated from operating activities was USD 57,055,000 against net cash used in operating activities of USD 8,944,000 for the same period prior year. Purchase of property, plant and equipment was USD 120,388,000 against USD 37,611,000 for the same period prior year.